Tenambit has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 0.00% to date .
A 32.35% growth in median value for property investors in Tenambit,2323 puts this suburb at number 873th in terms of best performing suburbs in NSW
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Tenambit, 2323. Typically our figures indicate that -5.14% is being offered, which puts this NSW suburb at 2198th most discounted overall in Australia.
Renters in Suburb are facing rents around $20540 per annum or $395 every week.
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Tenambit is a small suburb on the fringes of Maitland, in NSW’s Hunter Region. It is roughly 40km from Newcastle and 166km from Sydney.
Most of the residents in the area are employed either in Maitland or Newcastle, with nearby historic town Morpeth another minor employment hub, thanks to its fashion boutiques, cafes and speciality shops. The suburb is also close to the now closed Maitland Gaol, which housed some of Australia’s most notorious criminals. It is now one of the area’s biggest tourist attractions.
Auction clearance rates are currently highly favourable in the suburb – at 80% – indicating strong demand. Vacancies are super tight at 0.62% and the low level of stock on market, 1.76% of properties in the area, suggests there is high demand and low supply.